“And it was just right.” Goldilocks
On June 30, NASS released their Objective Estimate of 2.1 billion pounds. It would make the coming crop a new record, although only 5% higher than current crop. The industry was surprised. Forecasts were generally lower due to drought impact and extrapolating some challenging local conditions. I see this...
Blue Diamond Almond Market Update
Strong shipments for the California Almond Industry continued into the month of June. Yesterday’s release of the Industry Position Report showed a record shipment for June. Net shipments of 152.8 million lbs. were 11.3% larger than last June. YTD shipments through June total 1,804.9 million pounds, pushing up the...
The supply of almonds has not meaningfully grown since…
The supply of almonds has not meaningfully grown since the 2010 crop. Acreage has grown at 2-3%, but yields per acre have not matched the high mark of 2010 (not incidentally our last wetter than average rainfall year). The May Subjective Estimate of 1.95 billion...
2014 California Almond Market Forecast
Today NASS reported the Subjective Estimate for the 2014 crop is 1.95 billion pounds. This is 2.5% below last year’s production of 2.0 billion pounds. Last year’s estimate was within 1% of the actual 2013 crop. On average, the Subjective Estimate over the last five years has been within...
Blue Diamond Almonds Industry Update
March 11, 2014 The February California Almond Industry Position Report was released yesterday. Shipments for February were 149.3 million lbs, bringing the YTD total to 1,219.3 million lbs. YTD shipments are 3.6% above last year on a supply that is up a similar amount. The U.S. market continues to...
More Rain Heading to California’s Almond Orchards
Blue Diamond Almonds Bloom Report for February 26, 2014 Overcast skies could be found throughout the almond-growing region in California on Wednesday as the first of two storms forecast to sweep across the state came on shore. Light, scattered showers began early in the morning, accompanied by winds of...
Rain Forecasted for California’s Almond Orchards
Blue Diamond Almonds Bloom Report for February 24, 2014 Weather conditions provided the fourth consecutive day of good support for the 2014 bloom, with clear skies and calm winds providing plenty of opportunities for the bees to work the fields. Almond orchards across the region are seeing the early...
North American Demand for Almonds Continues a Steady Drumbeat
The Beat Goes On…. The pace of 2013 new crop commitments was brisk in January at 180 million lbs, with prices rising steadily throughout the month. With January shipments of 160.2 million lbs, YTD shipments continue to track 5% above the prior year. The 2013 crop is 68-69% committed...
Blue Diamond Almonds Bloom Report – February 3, 2014
First Signs of the 2014 California Almond Crop Bloom … This report covers observations and conditions just prior to the start of the 2014 bloom. The next scheduled report will be posted on Friday, February 7, 2104. Abnormally dry conditions have dominated the winter months in the Sacramento Valley,...
Almonds are by far the greatest value in the category…..
By tree nut pricing standards, almonds are still cheap! Almond prices have increased more than any tree nut, but as the best tasting, most nutritious and versatile nut, almonds are by far the greatest value in the category. As part of our mission to maximize the return for each...